this post was submitted on 26 Mar 2025
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Eh Buddy Hoser
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Carney did great as a finance boffin for Canada and the UK. Carney helped Canada during the 2008 economic blow up. Pierre has done nothing to help anyone other than himself.
Carney's handling of the 2008 financial crisis is no small part of why Canadians are in more debt than ever before while struggling to afford basic things like food and housing today. The short term preservation of liquidity in the face of collapse allowed investors and the richest Canadians to leverage their assets against existing inequality, snatching up as much as they could afford to, and then extract increasing profits from those investments over time. Now landlords are engaging in open collusion to drive up rents using the figleaf of services like Realpage, with regulators asleep at the wheel. Liberals find evidence of grocery giants price gouging almost every single Canadian and dole out a slap on the wrist and a fine that pales in comparison to the profit of their actions. Business as usual.
Seeing as that crisis was caused externally, what do you propose could have been done differently?